(Source: Scripps News, March 8, 2023)
A Scripps News investigation found that Norfolk Southern told the Securities and Exchange Commission (SEC) in a proxy filing that one reason top executives were given large cash awards was because of the company’s “record performance on train length and weight” in 2021. That same year, Norfolk Southern’s then-CEO James Squires landed nearly $3.5 million in cash, and at least four other executives got more than one million dollars each, including Norfolk Southern’s current chief executive officer, Alan Shaw, who was executive vice president at the time. “I want to see performance incentives for driving safety, not just for driving profits for Wall Street,” said U.S. Rep. Seth Moulton.
Full story: Scripps News